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2 January 2025 | 1 reply
This growth seems a bit slow for me, and it might not be best for selling.
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3 February 2025 | 56 replies
Like others have stated above, I'm less bullish on Detroit in the short-term (5-10 years) due to the historically slow appreciation which increases Capex risk.
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9 January 2025 | 8 replies
You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.
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12 January 2025 | 2 replies
Closing timeline, contingencies, repair responsibilities, or seller concessions like closing cost help can all be leverage points.
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9 January 2025 | 46 replies
Each time the response was “Unfortunately I cannot provide an exact estimate at this time for the date of completion”.
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6 January 2025 | 4 replies
But your subject line is pretty generic, try something that is more descriptive like a newspaper headline, you will see some good responses.
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18 January 2025 | 8 replies
Please forgive the directness of my response.
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9 January 2025 | 4 replies
Thank you for the responses.
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8 January 2025 | 11 replies
Organizational Delays: Section 8 offices are often overworked and understaffed, leading to slow processing times for new tenants, delayed rent increase approvals, and poor responsiveness.Benefits of Section 8:1.Long-Term Tenants: When you get a good tenant, they usually stay for a long time because of the tedious process required to qualify for Section 8 housing.2.Consistent Income: If Section 8 covers most or all of the rent, you typically receive reliable monthly payments, reducing the risk of non-payment (as long as there isn’t a large tenant portion).3.Lower Barrier to Entry: Because properties in these areas are often more affordable, it’s a good way for new investors to break into real estate without needing a large amount of capital.Overall, I’ve seen the good and the bad of this strategy.
10 January 2025 | 2 replies
A candid interview with 5 different sets of partners talking about their specific terms as far as responsibilities and costs would be a great show.